The Archives Unleashed Project has been awarded a $610,625 Grant by Andrew W. Mellon Foundation.
Here's an excerpt from the announcement:
The University of Waterloo and York University have been awarded a grant from the Andrew W. Mellon Foundation to make petabytes of historical internet content accessible to scholars and others interested in researching the recent past. . . .
The three-year Archives Unleashed project has three major thrusts: First, the project will build a software toolkit that applies modern big data analytics infrastructure to scholarly analysis of web archives. Second, the toolkit will be deployed in a cloud-based environment that will provide a one-stop portal for scholars to ingest their collections and execute a number of analyses with the click of a mouse. Finally, datathons—or hackathons—will build a cohesive and sustainable user community by bringing the core project team members together with librarians, archivists, and other interested researchers.